Law Firm Fights To Quash DBSI Ponzi Scheme Suit

Law360, Wilmington (June 6, 2012, 8:37 PM EDT) -- Hirschler Fleischer PC asked a Delaware federal judge on Wednesday to dismiss a suit alleging the law firm was complicit in a $500 million Ponzi scheme orchestrated by insiders at bankrupt real estate investment firm DBSI Inc.

The complaint, filed by the litigation trustee for DBSI’s bankruptcy estate, is devoid of facts linking Hirschler Fleischer to the alleged scheme or showing that it had knowledge of any fraud committed by its former client, the law firm argued at a court hearing in Wilmington.

Andrew Morris of...
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